The US President is about to rug pull the country and make billions. What a timeline to live in.
> It also speaks to the nature of the crypto industry that someone could have $25 billion worth of something that literally did not exist 24 hours previously.
Truth is stranger than fiction. No need to write a dystopian novel about this!
The abuse of power is so wild here that I wouldn't be surprised if Trump pushed to include it in his plan for SBR (Strategic Bitcoin Reserve).
I wish someone more knowledgeable could explain how this is currently valued at $25 billion.
Is that legitimately $25 billion “on paper”, or is that like an initial “stated value”? I don’t even have the precise language for the question.
Regardless, I’m sure it’s a big grift almost certainly, but I don’t understand the valuation.
Damn would have doubled my money if I had bought three hours ago when my friend group was circulating this.
Noted grifter in grifting shocker.
Like, honestly, the only surprising thing is that it didn’t happen until now.
It’s pretty wild how the incoming president has a social media platform, is backed (financially and otherwise) by the richest person in the world with his own social media platform and it’s (currently) absolute crickets in a thread like this where the same incoming president is creating a meme coin.
Maybe folks are just apathetic, but for a technology based forum to have little to no discussion about a topic that not only touches the basis of the forum but also the potential affects toward the country where this forum is based is pretty confounding.
As another commenter pointed out, this is definitely an interesting (for lack of a better word or balking towards cordiality) timeline.